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Chamber of Commerce Pushes Republicans to Accept Job-Killing ‘Compromise’ with Democrats

The Chamber wants Republicans to support hiking the minimum wage to over $10 per hour.

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The Chamber of Commerce is yet again attempting to impede President Donald Trump’s ‘America First’ economic boom. They are using their lobbying weight to push Congressional Republicans toward accepting a hike in the minimum wage as a “compromise” with Democrats.

“If the interest is in getting something done then we are willing partners for a sincere effort that reflects economic realities and combines these type of trade-offs,” said Glenn Spencer, who works as vice president for employment policy for the Chamber.

“The choice members have as they vote moving forward on this is: Is this an effort to come to compromise as they did previously or is this an effort to have a political vote on $15?” Spencer added.

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The Chamber is urging Republican lawmakers to capitulate because House Democrats are relentlessly promoting the Raise the Wage Act, which would mandate a hike in the minimum wage to $15 per hour. The legislation passed in the House today by a 231-199 vote, and Democrats are already gloating as a result.

Democrats are pushing their scheme as a raise for all workers, ignoring how the measure will negatively impact job growth and retention. The Chamber is seemingly on the same page as the far-left liberals, believing the minimum wage should be more than $10.

“To the extent that policy makers want to move higher — and there are obviously limits on that — then the more relief you are going to have to provide to small businesses,” Spencer said.

American for Tax Reform President Grover Norquist is calling out the cronies at the Chamber of Commerce for embracing job-killing socialist policies out of political expediency.

“This is a missed opportunity by the Chamber of Commerce, which could get up and say this is wrong on principle and it would hurt the economy,” Norquist said to the Washington Examiner.

“Whose lives are they cavalierly agreeing to screw? Why are they doing that? It is a huge mistake on the part of the Chamber,” he added.

Conservative economists have talked about the negative impacts of the minimum wage for generations, as the policy freezes individuals who want to work out of the job market.

“Many well-meaning people favor legal minimum-wage rates in the mistaken belief that they help the poor. These people confuse wage rates with wage income,” the late free market icon Milton Friedman wrote in a Newsweek op/ed back in 1966.

“The rise in the legal minimum-wage rate is a monument to the power of superficial thinking,” Friedman added.

Economist Thomas Sowell notes how minimum wage laws are especially harmful for African-Americans and other minority groups, depriving them of opportunities in the marketplace.

“Historically, lower skill levels did not prevent black males from having labor force participation rates higher than that of white males for every US Census from 1890 through 1930,” Sowell wrote in his 1980 book, Knowledge and Decisions.

“Since then, the general growth of wage-fixing arrangements: minimum wage laws, labor unions, civil service pay scales, etc. has reversed that and made more and more blacks unemployable despite their rising levels of education and skills: absolutely and relative to whites,” he added.

The Chamber, as usual, is urging Republicans to be Democrat-lite. They are happy with embracing socialism as long as they can protect their corporate profit margins with free trade and cheap labor.

Big League Economics

FLASHBACK: Before the COVID-19 Scamdemic, China and Wall Street Bankers Pined for ‘Cashless Society’

This is no conspiracy theory.

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Throughout the COVID-19 pandemic, a peculiar war on cash has emerged, including news of a coin shortage that never quite made sense, which has some individuals thinking that the crisis is being exploited to usher in the “cashless society.”

The fake news media on cue has jumped into action to call anyone who expresses this notion a “conspiracy theorist.”

“Coins aren’t being circulated because businesses are closed and sales are down during the pandemic. And the government isn’t pushing the U.S. into a cashless society, either,” the Associated Press declared.

“We rate the claim that a “cashless” society would have zero cash, meaning money would be fully digital, fully traceable and fully controlled PARTLY FALSE as some of the claim was not supported by our research,” the USA Today wrote in their supposed fact check about the cashless society.

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However, before the COVID-19 pandemic hit, Wall Street banking elites openly bragged about how they pined for a cashless society.

“We want a cashless society,” said Bank of America CEO Brian Moynihan last year at Fortune’s Brainstorm Finance conference, explaining that the financial system is “already digitized” and the cashless society is right around the corner.

“The business has moved digitally and it will continue to move that way. It’s just figuring out how to add the value,” he added.

JP Morgan also released a white paper celebrating how Europe is rapidly going cashless, calling the trend a natural progression from paper-based monetary units.

“PayPal and Apple’s publicly reported growth rates suggest that both could potentially be gaining consumer preference and merchant adoption. Digital Wallets directly address consumer security and help push toward a true cashless society,” said Brian Gaynor, Executive Director, Head of Product and Strategy Solutions at J.P. Morgan Merchant Services in Europe.

“For example, PayPal holds my card data centrally and keeps me from having to trust multiple e-commerce sites or apps with my full primary account number. Apple Pay does the same,” he added.

It should come as no surprise to anyone that the red menace is leading the way toward a cashless society. China has led the way on smart cities, social credit scores, weaponizing search engines to be tracking devices, and various devious technological innovations meant to crush the spirit of its citizenry.

China’s aggressive moves toward cashlessness are already causing problems for tourists and native citizens alike with society punishing those who resist the transition, as the Wall Street Journal has explained:

Travelers have had more luck on Alipay, which introduced a seven-step process last week that requires visitors to submit passport and visa information to Alipay, before loading money using an overseas card onto a prepaid card.

In a bathroom near the Great Wall recently, Catherine De Witte, a Belgian marketing consultant, was getting frustrated. She waved her hands in front of a high-tech toilet-paper dispenser, jammed her fingers into the slot and finally pounded on the machine. She wasn’t amused when she saw the QR code.

“You really need the restroom, and the restroom only gives you toilet paper if you can do something strange with your phone,” she fumed.

Once the cashless society is achieved, the ubiquitous tracking of every commercial transaction will become possible. The mark-of-the-beast microchips may not even be necessary at that point to achieve total centralized control. This is why China, globalist banking interests and the Washington D.C. swamp are pushing this notion, and the COVID-19 pandemic is the crisis they are using to accelerate this sinister agenda against economic freedom.

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